Published
2017-12-01
Issue
Section
Articles
How to Cite
Responsiveness of the Indian Tax System: A Time Series Analysis from 1990 to 2010
Debasis Patnaik
Asst Prof, Department of Economics, BITS Pilani K K Birla Goa Campus, India
Annie Pillai
MSc Economics, Department of Economics. BITS Pilani K K Birla Goa Campus, India
DOI: https://doi.org/10.20448/journal.502.2017.41.1.6
Keywords: Tax elasticity, Indian tax system, Time series, GDP, Tax revenue, Tax buoyancy.
Abstract
The post reform period in Indian fiscal system needed to assess the impact of reforms as regards tax buoyancy and elasticity of Indian tax system in pre GST exercise. This paper studies the variation in buoyancy of the following taxes: Corporation Tax, Income Tax, Customs tax, Union Excise Duty. It also attempts to study the elasticities of the above mentioned taxes by eliminating the impact of discretionary changes.